Individually Owned Property summary
AI-generated overview
The property at 15217 Burbank Blvd in Van Nuys, California is a parcel of commercial land measuring 2,387 square feet. It is located along a major business corridor with proximity and convenient access to the 405 and 101 freeways, as well as nearby public transit and retail centers, and is surrounded by established commercial uses. The site is suitable for development and potential use as new commercial, office, mixed-use, or service-oriented space, subject to verification of allowable uses and development requirements with the City. The property is described as having flexible commercial zoning intended to support a range of commercial development uses.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1957
Construction
TILT-UP CONCRETE
Total area
2,387 SF
Lot
0.21 ac (9,102 SF)
Zoning code
LAC2
APN
2243-008-061
UPID
US09-6913418
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Law Firm
-
Law Firm
-
Law Firm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.65M
Owner & transaction history
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
LAC2 · Van Nuys, CA
Top alternative use upside
Auto repair, garage
$1.7M
+36.1%
Neighborhood: shopping center
$1.5M
+14.4%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 16 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.65M
Value range
$1.49M – $1.82M
±10% around blend
Estimated value / SF
$691 / SF
Confidence
High
16 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$1.49M
blend $1.65M
$1.82M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,387 SF
Lot area
0.21 ac
Year built
1957
Stories
1
APN
2243-008-061
Zoning
LAC2
Assessed value
$467,098
Annual tax
$6,275
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.19M
Weighted, 16 comps · high confidence
Evidence
16 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.7 mi away · 2,340 SF
2.2 mi away · 2,992 SF
3.6 mi away · 3,000 SF
3.7 mi away · 3,000 SF
5.3 mi away · 3,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.65M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 74 sales
$532
+30%
County 3566 sales
$383
+80%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $691/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+36%
vs current-use indication
Neighborhood: Shopping Center
Retail Stores · current use
Medical Building
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 16 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
3.20%
Implied, in-place cap rate for this retail space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.20%
9.0%
NOI (est.)
$116k *
Last sale · Sep 2024
$1.65M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.61M
Move the market yield to see immediate price impact.
Value / SF
$1,512
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.70%3.20%3.70%
$104k
$3.85M
$3.25M
$2.81M
$116k
$4.28M
$3.61M
$3.12M
$127k
$4.71M
$3.97M
$3.43M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
16 found
High confidence · county-verified
Closest comparable
$800k
0.9 mi · Sep 2025 · $395/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$6,275
Tax year 2024
Assessed value
$467,098
Assessed 2024
Previous assessed
$467,098
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$467,098
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1957
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
2,387 SF
Lot
0.21 ac (9,102 SF)
Zoning code
LAC2
APN
2243-008-061
UPID
US09-6913418
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Van Nuys, CAZoning LAC2 · permitted uses
LAC2 · Van Nuys, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1957
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.21 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LAC2
Jurisdiction
Van Nuys, CA
Recorded code
LAC2
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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